Another option for making yourself more accountable for your trades is to join a chat room. There are loads of them about, plenty of free ones as well as some paid ones which call trades in real time (I wouldn’t recommend those by way, they are often run by people front running their own calls). If you find a decent room and commit yourself to calling your trades in real time, knowing that you will have to explain to room exactly why you just took that really stupid trade will really make you think twice about taking it in first place.

These are two simple ways of making yourself more accountable for your trades and therefore enforcing more discipline. There are many more interesting ways of increasing discipline as a personal skill, and I hope this article will have given you some ideas to start developing your own methods.

In addition to increased compliance costs, public companies are faced with ongoing obligation to find buyers for their shares. An OTCBB company with an effective float of one million shares and an average share price of $6.00/share should budget $1.2 million to maintain that share price for year. A Nasdaq or NYSE company with an effective float of 2 million shares and an average price of $15/share should budget about $4.0 to maintain their share price.

Three Solutions to Reducing Costs of Being a Public Company

1. Grant Thornton International, an accounting/business adviser to midsize firms, reports a steady rise in number of companies going private after passage of Sarbanes-Oxley. Most are OTCBB companies, with management buyouts as preferred means of taking these firms private. 2. Mergers of existing public companies have been standard alternative to taking company private. 3. Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] advises both U.S. public and private companies to move offshore and structure themselves as foreign corporations. As a Non-U.S. Company, their registration and compliance costs will drop below $500,000. If client companies follow Beowulf Investments Investor Relations program, their costs should be below $100,000/year.

The days for an American private company to go public as a status symbol are over. The SEC compliance costs will either force U.S. Domestic Companies to relocate offshore or preclude them from taking advantage of money raising benefits of being a public company. For U.S. companies, it comes down to a choice between reduced access to capital or reduced jobs in United States. I suspect that most CFOs will favor moving jobs offshore to going bankrupt.

To contact author: Visit Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit Global Village Investment Club Website: [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]